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Dec 12, 2012
12/12
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what the debt ceiling says is unless you raise the debt ceiling, you can't pay the bills. perhaps you shouldn't have incurred the bills but you did. we cannot have the full faith and credit of the united states go up in smoke. we cannot have the united states not pay its bills. that would totally destroy the economy. so what the republicans are doing in effect, it is like an old gangster movie. gee, that's a nice restaurant you have there. pity if it should happen to blow up. that's what they're threatening to do to the economy by not raising the debt ceiling unless they get their way on budget cuts. >> eliot: you're not only so correct but it is an important point, the debt ceiling will be raised only to accommodate bills and decisions already voted upon by congress. >> already voted upon. budget's already adopted two and three years ago. if you don't need to increase the debt, lower taxes but that's a different decision and a different debate. >> eliot: for the republican leadership now to hold the debt ceiling as hostage or hold the american people hostage saying we won
what the debt ceiling says is unless you raise the debt ceiling, you can't pay the bills. perhaps you shouldn't have incurred the bills but you did. we cannot have the full faith and credit of the united states go up in smoke. we cannot have the united states not pay its bills. that would totally destroy the economy. so what the republicans are doing in effect, it is like an old gangster movie. gee, that's a nice restaurant you have there. pity if it should happen to blow up. that's what...
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Dec 11, 2012
12/12
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but that's not what the debt ceiling does. it deals with the debt accused by past government spending including the wild and unfunded spending of the last republican administration. and the second point is this. even if this bill were to pass, the power to raise and spend money would still lie solely with congress, that is in the constitution. full stop. the executive branch can only spend as much money as congress tells it to. what's more is senator mc mcconditionalmcconnell knows. this he proposed this last year. why is he now knowingly ms. leading the american people. senator mcconnell, i >> she gets the comedians laughing... >> that's hilarious! >> ...and the thinkers thinking. >> okay, so there's wiggle-room in the ten commandments is what you're telling me. >> she's joy behar. ... and current will let me say anything. >> only on current tv. rr >> eliot: at times it may seem like the president is powerless against a congress that's intent is to obstruct, delay and destroy any legislation he supports. but that's simply not
but that's not what the debt ceiling does. it deals with the debt accused by past government spending including the wild and unfunded spending of the last republican administration. and the second point is this. even if this bill were to pass, the power to raise and spend money would still lie solely with congress, that is in the constitution. full stop. the executive branch can only spend as much money as congress tells it to. what's more is senator mc mcconditionalmcconnell knows. this he...
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Jan 3, 2013
01/13
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for the debt ceiling. so we'll put the debt ceiling in their camp because they can still hold the country hostage that way, and they also defeated -- you remember that president obama had asked for $50 billion for an infrastructure bank in his first ask? infrastructure bank. and they also got that taken off of the table. so essentially that's a win. they got that taken away. by the way the infrastructure bank would have been a great thing for this country. so we didn't get absolutely everything but looking at the whole balance sheet in a much neater way, folks, this is the scorecard. all of these wins for the democrats and these wins for the republicans. hello? it is time to stop whining. despite what you are going to hear from some progressives this is not perfect, but no compromise is perfect. would we have loved to see the tax rate increase begin at 250,000 rather than 400,000? yes. would republicans loved to have cut social security and medicare? of course they would. but in the real world, ♪ you can
for the debt ceiling. so we'll put the debt ceiling in their camp because they can still hold the country hostage that way, and they also defeated -- you remember that president obama had asked for $50 billion for an infrastructure bank in his first ask? infrastructure bank. and they also got that taken off of the table. so essentially that's a win. they got that taken away. by the way the infrastructure bank would have been a great thing for this country. so we didn't get absolutely everything...
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Dec 1, 2012
12/12
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ceiling on the other side, oh, we're going to have another debt ceiling fight. we've seen that movie. we know how it ends. harry reid, the senator majority leader is ticked off having to deal with the debt ceiling again. there is going to have to be some resolution to that in a deal because we don't want to see this happen over and over. >> eliot: there is only one good answer, take it off the table. the president should have the authority unilaterally to set the debt based on the taxes. but we'll save that for another day. thank you very much. >> thank you so much. >> eliot: do you know there was a plane crash in chicago? worry there w >> eliot: still to come, filmmaker josh fox on his latest short, occupy sandy, an account of selfless hurricane relief and those who provided it. but first rick santelli and bill o'reilly are angry and very angry. when it doesn't fit anywhere else, we put it in the viewfinder. >> ladies and gentlemen the fiscal cliff. [ ♪ music ♪ ] >> it's my point rick. >> go to charlotte and say fairness, and then they run to try to beat th
ceiling on the other side, oh, we're going to have another debt ceiling fight. we've seen that movie. we know how it ends. harry reid, the senator majority leader is ticked off having to deal with the debt ceiling again. there is going to have to be some resolution to that in a deal because we don't want to see this happen over and over. >> eliot: there is only one good answer, take it off the table. the president should have the authority unilaterally to set the debt based on the taxes....
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Jan 18, 2013
01/13
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ceiling. >> we've always raised the debt ceiling. we should pay our bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we should raise the debt ceiling. that's an automatic. we should move forward and talk about how we create jobs. by creating jobs we reduce the deficit. >> jennifer: i'm take taking it as an encouraging sign that the tea party can be moved by public voices. if they can be moved on the debt ceiling of all things, maybe they could be moved on guns. you wrote in the "huffington post," advocating reducing defense spending so you can spend more money and invest in the united states. the question is in the negotiations in congress over the spending do you see that happening? >> we've go
ceiling. >> we've always raised the debt ceiling. we should pay our bills as the president said, we're not a dead-bet country. i'm glad they finally saw the light. we need to pay our bills and move forward. there is a stronghold of 75 republican tea party members who quite frankly do listen to the tea party in many ways, and hopefully this is a signal that they too need to understand that this should not be an issue. it should not be held honestly. hostage. we should raise the debt...
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Jan 7, 2013
01/13
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ceiling. >> over the debt ceiling? i actually think that there's enough momentum to say let this one go. that again in happy clappy mode normally i would say the republicans, they're going to do whatever they can to screw the president over and the nation over. but i think that at this point they may let it go or i'm hoping obama stands his ground so firmly as to say maybe the 14th amendment solution, i heard another solution this week that said that the debt ceiling is -- it is even beyond the 14th amendment the debt ceiling is simply what obligation does he have first to the debt ceiling or to paying the actual debts. and that the safety of the nation impels him to actually pay the debt. >> stephanie: yep. we'll see. nancy pelosi is talking about that. we'll see how it plays out. we may end up with a trillion dollar coin and some really great movies. >> i'm tellin' ya, ocean's 14 is going to happen! >> stephanie: ocean's 14. love you rudeness. see you next week. 46 minutes after the hour. right back on "the stephanie
ceiling. >> over the debt ceiling? i actually think that there's enough momentum to say let this one go. that again in happy clappy mode normally i would say the republicans, they're going to do whatever they can to screw the president over and the nation over. but i think that at this point they may let it go or i'm hoping obama stands his ground so firmly as to say maybe the 14th amendment solution, i heard another solution this week that said that the debt ceiling is -- it is even...
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Jan 2, 2013
01/13
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negotiate the debt ceiling. which i saw alijah cummings said i see a tougher barack obama since reelection. do you? >> oh, much tougher, and i think it's not only reelection. i think its second term. there is a lot he hasn't done that he wanted to do. my problem with standing tough on the next round -- and that's all it is the next round and it's a tougher round is i don't know what the democratic position is. what is our position on medicaid and -- let's not trade off medicaid and medicare. they are different things. we have to this point had -- had the position that you shouldn't do anything to medicare because we haven't sat down and figured out what to do with medicare. nobody can claim with health costs -- >> bill: right. escalating the way they are. >> the most escalating. but what we stood on is the affordable health care act, which did lengthen the life of medicare for about ten years. now what ary going to do in our next act. there has to be a lot tougher leadership from the president. >> bill: you ment
negotiate the debt ceiling. which i saw alijah cummings said i see a tougher barack obama since reelection. do you? >> oh, much tougher, and i think it's not only reelection. i think its second term. there is a lot he hasn't done that he wanted to do. my problem with standing tough on the next round -- and that's all it is the next round and it's a tougher round is i don't know what the democratic position is. what is our position on medicaid and -- let's not trade off medicaid and...
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Jan 4, 2013
01/13
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of course overraising the debt ceiling. republicans are threatening not to cooperate, and if it doesn't get done it could send the entire global economy into a tailspin. now people are looking for other solutions. is there somewhere we can turn to get rationality? they have come up with some pretty unorthodox ways of going around congress. right now platinum coin is trending on twitter. why you might ask? because the possible has been raised to have the federal reserve mint a trillion dollar platinum coin. they can't print more paper money or produce more silver or gold, that's by law, but they actually could create a platinum coin, stamp it for a trillion dollars, put it in the federal reserve and solve the crisis just like that. oh so supporters claim. it does seem pretty crazy, but we're dealing with some pretty insane behavior now in washington. so here to weigh in on that issue is laura tyson she is now at uc berkeley's school of business, and current tv's economic advisor, and she is coming to us from washington. welc
of course overraising the debt ceiling. republicans are threatening not to cooperate, and if it doesn't get done it could send the entire global economy into a tailspin. now people are looking for other solutions. is there somewhere we can turn to get rationality? they have come up with some pretty unorthodox ways of going around congress. right now platinum coin is trending on twitter. why you might ask? because the possible has been raised to have the federal reserve mint a trillion dollar...
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Dec 13, 2012
12/12
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how about the third factor being the debt ceiling so an agreement on the debt ceiling so we don't have to have another armageddon in january. >> i could see them giving a little bit on the debt ceiling not giving obama the new powers that he wants. >> bill: to do it every year forever. one time. >> giving it a little bit so they have some breathing space until the beginning -- until mid 2013 because congress needs a deadline. they need -- whether it's the debt limit or whether it's raising the debt ceiling. they need a date where they can say we must get this done. and also the credit rating agencies are demanding that. they're like listen, you've got to do some -- this is going to be a relatively small deal. they need to do a big deal in 2013. they'll give them a little on the debt ceiling but then come july, they'll probably be faced with it again. >> bill: nbc cbs poll this morning shows that 65% of the american people say get a deal done! majority of democrats majority of republicans, majority of independents say compromise, get a deal done! and yet you know, boehner and cantor kee
how about the third factor being the debt ceiling so an agreement on the debt ceiling so we don't have to have another armageddon in january. >> i could see them giving a little bit on the debt ceiling not giving obama the new powers that he wants. >> bill: to do it every year forever. one time. >> giving it a little bit so they have some breathing space until the beginning -- until mid 2013 because congress needs a deadline. they need -- whether it's the debt limit or whether...
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Jan 3, 2013
01/13
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the debt ceiling is not taking on more money to do more stuff. the debt ceiling is paying our freaking bills right? >> exactly. exactly. these are debts we've already incurred. if you want to fix the underlying spending problem the debt ceiling is just a symptom of the problem. it is not the actual problem. >> bill: to build on your point, these are obligations that congress, including republicans, have already voted for, right? these are like all of the farm subsidies, all of the subsidies to the oil companies, all of those things -- all of those tax cuts for the wealthiest of americans. all of these wars, right that republicans all voted for they cost money. and raising the debt ceiling means we're going to pay our bills. it is just like when your credit card bill comes at the end of the month, you can't say i changed my mind, i enjoyed all of those meals out right but i'm not going to pay for them now. we have an obligation to pay for them. that's what it is all about. jeff, do a little homework. you would think that tea party people right wou
the debt ceiling is not taking on more money to do more stuff. the debt ceiling is paying our freaking bills right? >> exactly. exactly. these are debts we've already incurred. if you want to fix the underlying spending problem the debt ceiling is just a symptom of the problem. it is not the actual problem. >> bill: to build on your point, these are obligations that congress, including republicans, have already voted for, right? these are like all of the farm subsidies, all of the...
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Jan 15, 2013
01/13
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and if we go forward, just drop this debt ceiling craziness, or vote to increase the debt ceiling and also with the continuing resolution and the sequester, that we do things in a bipartisan way, but not necessarily with a majority of the majority in the house. >> stephanie: uh-huh. here is the president yesterday talking about his appointments. >> obama: i would suggest that everybody wait until they have seen all of my appointments who is in the white house staff and who is in my cabinet before they rush to judgment. >> stephanie: it reminds me congress woman, we talked about this yesterday -- we are really -- at lease you are -- trying to govern in unprecedented times. we have never seen the hostage with the debt limit, and every nominee that the president puts forward they oppose just because the president is for it. >> certainly in the 14 years that i have been here but i think some of those issues like the debt ceiling, this is absolutely new territory. >> stephanie: yeah even the republican party -- we have just not seen a version of it that it was willing to take the united st
and if we go forward, just drop this debt ceiling craziness, or vote to increase the debt ceiling and also with the continuing resolution and the sequester, that we do things in a bipartisan way, but not necessarily with a majority of the majority in the house. >> stephanie: uh-huh. here is the president yesterday talking about his appointments. >> obama: i would suggest that everybody wait until they have seen all of my appointments who is in the white house staff and who is in my...
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Feb 28, 2013
02/13
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and then may 18th when debt may hit up against debt ceiling. congress, as you know, they can pass legislation and impose all kind of deadlines. they can make this whole year a year of deadlines. that's what i think they probably want to do. you know, they know that they'll discredited themselves, but they feel as long as they're discrediting obama along with it i guess they're happy to do that. but what obama is said is right and people should remember right now as we speak the white house has on the table a proposal to the republicans that has twice many spending cuts as it does tax revenues, and has has this social security chain cpi wrinkle, so they put entitlement reform, and big spending cuts on the table, but republicans are the ones who are not budging and saying, our way or the highway. >> michael: and they're not defining what their way s they're fighting within their party and it makes me think of the cpac conference that didn't invite chris christie to its gathering. this is what congressman king said about that. if rinse had any bra
and then may 18th when debt may hit up against debt ceiling. congress, as you know, they can pass legislation and impose all kind of deadlines. they can make this whole year a year of deadlines. that's what i think they probably want to do. you know, they know that they'll discredited themselves, but they feel as long as they're discrediting obama along with it i guess they're happy to do that. but what obama is said is right and people should remember right now as we speak the white house has...
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Jan 10, 2013
01/13
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they'll have a big fight over the debt ceiling and these are fights that could blow up. the president will be more combative with republicans than thethe conciliatory let's all find a solution we can agree on. >> john: so we won't be compromising on his compromised compromises. you wrote, the best way to get what he wants his staff says, is to create pressure from the outside through campaign-style events like the one he staged in during the fiscal cliff negotiations. have we ever seen a president campaign with tons of cheering middle class folks behind him in iowa, have we ever tried that to get things moved across the aisle in the second term? >> i think not the way we're going to see from president obama. george bush, again he went on his social security tour in 2005 trying to revamp social security which was blocked by in congress. we'll see more of what we saw in december. i think we're going to see more of that whether it's the debt ceiling or gun control or immigration. he feels like he's better, and his team feels like he's better when he's outside of washington
they'll have a big fight over the debt ceiling and these are fights that could blow up. the president will be more combative with republicans than thethe conciliatory let's all find a solution we can agree on. >> john: so we won't be compromising on his compromised compromises. you wrote, the best way to get what he wants his staff says, is to create pressure from the outside through campaign-style events like the one he staged in during the fiscal cliff negotiations. have we ever seen a...
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Dec 19, 2012
12/12
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the debt ceiling raising the debt ceiling which will have to be done is part of the president's position. the republicans would not budge at all and the president said no social security. don't touch it. it ain't on the table. not contributing to the deficit. therefore, not part of any solution or any compromise. republicans won't budge. so then, the president compromises. he comes up with his own plan and the president says i will up it from 250 to 40 ol',000. the first 400,000 you get, you get a free ride. now, a that in itself was bad enough. because instead of higher taxes for the top two %, it will only be higher tax rate now for the top 1%. so that means you are not going to get as much revenue. that revenue is going to have to be made up somewhere, and, you know, it's going to come from domestic programs, discretionary spending. it's going to come from medicare. it'sgol going to come from medicaid. it's going to come from child care. it's going to come from pel grants. it's going to come from programs that the middle class depend on. >> that's number 1. but the really scary thing
the debt ceiling raising the debt ceiling which will have to be done is part of the president's position. the republicans would not budge at all and the president said no social security. don't touch it. it ain't on the table. not contributing to the deficit. therefore, not part of any solution or any compromise. republicans won't budge. so then, the president compromises. he comes up with his own plan and the president says i will up it from 250 to 40 ol',000. the first 400,000 you get, you...
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Dec 6, 2012
12/12
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i think they're going to wait for the debt ceiling crisis that they're going to create with their leverage. but it seems to me that they have more incentive to blame the democrats for rising taxes on everybody, and then come back and pass that middle class tax cut. i think we're going to see the sun setting of the bush tax cuts. i just don't see how the tea partyers essentially can do a preemptive basically pre- preemptive before the taxes go back up. >> eliot: charles, do you agree with sam? once the tax cuts have expired maybe they pass the tax cut for 98% but then use their leverage to negotiate the tax cuts entime entitlement cuts. >> i'm not sure that they won't fold on the tax cuts. once again you have to step back from the observation of what's going on in washington now, and remember we're fighting whether or not the top marginal rates should be in the low 30s or not. we should roll back the reagan tax cut but i don't believe in miracles. >> eliot: charles, what you're say something critically important. we're all in a way falling prey to this issue as if they're big issues when th
i think they're going to wait for the debt ceiling crisis that they're going to create with their leverage. but it seems to me that they have more incentive to blame the democrats for rising taxes on everybody, and then come back and pass that middle class tax cut. i think we're going to see the sun setting of the bush tax cuts. i just don't see how the tea partyers essentially can do a preemptive basically pre- preemptive before the taxes go back up. >> eliot: charles, do you agree with...
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Jan 15, 2013
01/13
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another big issue facing congress is the debt ceiling. treasury secretary timothy geithner released a letter this week saying the government could run out its borrowing authority in as little as four weeks. now, republicans are trying to use this chance to force the democrats into serious long-term spending cuts but obama insists this is about paying the bills congress has already racked up. more bill up next. just be grateful current tv does not come in smellivision. the sweatshirt is nice and all but i could use a golden lasso. (vo) only on current tv. >> announcer: broad broadcasting across the nation and on tv on current tv. >> bill: breaking news, clarence thomas has spoken. for the first time in seven years. at the supreme court. clarence thomas uttered maybe three words. maybe four. nobody is sure what he said. but he did show signs of life. oh, my god. what do you say? good morning everybody. with that bit of astounding news, we start off the "full court press" this tuesday morning, january 15. great to see you today. welcome, wel
another big issue facing congress is the debt ceiling. treasury secretary timothy geithner released a letter this week saying the government could run out its borrowing authority in as little as four weeks. now, republicans are trying to use this chance to force the democrats into serious long-term spending cuts but obama insists this is about paying the bills congress has already racked up. more bill up next. just be grateful current tv does not come in smellivision. the sweatshirt is nice and...
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Dec 11, 2012
12/12
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i would say 50/50 on whether the debt ceiling gets wrapped into a fiscal debt deal. i think a couple of the tweaks to entitlement programs, that they would be willing to wrap the debt ceiling into it. they're not going to give obama what he wants which is permanent authority to raise the debt ceiling unilaterally. that's not going to happen but they could get a single debt limit increase. the economy would benefit from it and corporate america desperately wants to see it. they hate the finagling of it. >> bill: we saw jeff saying let's get it done so we can move on. >> 50/50, that gets wrapped in. >> the money man. one tough nerd -- no, that's rick schneider. >> please don't wrap knee me in that. >> bill: his twitter handle is at morning money ben. we'll be right back here. your calls welcome at 1-866-55-press. are we ready to go over the cliff? do you think we will? do you think we should? 1-866-55-press. >> announcer: this is the "full court press." the "bill press show." live on your radio and on current tv. let's rock and roll. there is so much going on that ever
i would say 50/50 on whether the debt ceiling gets wrapped into a fiscal debt deal. i think a couple of the tweaks to entitlement programs, that they would be willing to wrap the debt ceiling into it. they're not going to give obama what he wants which is permanent authority to raise the debt ceiling unilaterally. that's not going to happen but they could get a single debt limit increase. the economy would benefit from it and corporate america desperately wants to see it. they hate the...
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Dec 17, 2012
12/12
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>> we have to deal with this debt ceiling issue. people need to understand this isn't about raising your capacity. the congress has already voted on. on every one of these. you don't get a do-over. you don't get to say, you know, you are going to go buy things on the national credit card and then say, well, we are not paying for them. that would create acataclysm. >> thank you for comeing in. we will let you get back to work. >> thank you. >> this is "the bill press show." i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or the other. when the democrats are wrong, they know that i'm going to be the first one to call them out. they can question whether i'm right, but i think that the audience gets that this guy, to the best of his ability, is trying to look out for us. [ music ] >> on your radio and on current tv this is "the bill press show." >> thirty-three minutes after the hour, monday december 17th.
>> we have to deal with this debt ceiling issue. people need to understand this isn't about raising your capacity. the congress has already voted on. on every one of these. you don't get a do-over. you don't get to say, you know, you are going to go buy things on the national credit card and then say, well, we are not paying for them. that would create acataclysm. >> thank you for comeing in. we will let you get back to work. >> thank you. >> this is "the bill press...
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Dec 6, 2012
12/12
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on the debt ceiling. i want to come back to your math. on the discharge position, 218 -- i forget who was in yesterday who told us it's 27 republicans -- every democrat, we would presume 27 republicans, 27 republicans to break ranks with john boehner and then there will be a vote. >> that's right. that's not a lot. what we're talking about -- maybe it's good that republicans and democrats went back home to their districts on wednesday because they can hear from wednesday until next week when we get back from middle income earners, preserve our tax breaks. give me my 2k. i think they're going to hear that across the board. i think people should be flooding the offices the district offices their members of congress saying sign this discharge petition. get this deal done. and then we'll all go into -- >> bill: now is the time to do it. >> they're home. that's why they went home to hear and work in their district. got home on wednesday. go visit them today. visit them on friday. stand outside their offices on saturday. and sunday. and make th
on the debt ceiling. i want to come back to your math. on the discharge position, 218 -- i forget who was in yesterday who told us it's 27 republicans -- every democrat, we would presume 27 republicans, 27 republicans to break ranks with john boehner and then there will be a vote. >> that's right. that's not a lot. what we're talking about -- maybe it's good that republicans and democrats went back home to their districts on wednesday because they can hear from wednesday until next week...
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Feb 5, 2013
02/13
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the house and senate extended the debt ceiling. president obama has signed the no budget, no pay act of 2013. not only does that put off the nation's debt obligations until may 18th, it also withholds pay for a number of congressmen and womenless women unless they pass a budget by april. >>> eight senators have voted to block the violence against women act. that bill would protect victims of domestic violence and this particular version extends that care to illegal immigrants, native americans and lgbt members. senators who voted against considering that bill include ted cruz, marco rubio and rand paul, all republicans. more bill's up next. stay with us. to me now? you know the kind of guys that do reverse mortgage commercials? those types are coming on to me all the time now. (vo) she gets the comedians laughing and the thinkers thinking. >>ok, so there's wiggle room in the ten commandments, that's what you're saying. you would rather deal with ahmadinejad than me. >>absolutely. >> and so would mitt romney. (vo) she's joy behar. >
the house and senate extended the debt ceiling. president obama has signed the no budget, no pay act of 2013. not only does that put off the nation's debt obligations until may 18th, it also withholds pay for a number of congressmen and womenless women unless they pass a budget by april. >>> eight senators have voted to block the violence against women act. that bill would protect victims of domestic violence and this particular version extends that care to illegal immigrants, native...
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Nov 5, 2012
11/12
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they say bachmann's extreme opposition to raising taxes and the debt ceiling also undermine her fiscal responsibility claims her absolutism runs counter to every debt reduction plan including simpson bowles. she's a load bloc. -- she's a roadblock. >> she would rather have our country go off a fiscal cliff because she's pledged to grover norquist that she would never raise taxes. you can't advocate your ability to govern if you're going to congress. you have to be open to negotiations and compromise. we need a macro-balanced approach. we all know -- everybody knows that. she's on the wrong side of history on this whole thing. >> stephanie: i think they close perfectly in the "star tribune" editorial bachmann could have used her charisma to become an effective representative. she used it to serve herself instead of her constituents. >> when she was running for president, people got a glimpse of what michele bachmann's all about. and at the end of the day, it is a pretty shallow position she has. i don't know if she really grasps what's going on. i think it is all about her promoting her
they say bachmann's extreme opposition to raising taxes and the debt ceiling also undermine her fiscal responsibility claims her absolutism runs counter to every debt reduction plan including simpson bowles. she's a load bloc. -- she's a roadblock. >> she would rather have our country go off a fiscal cliff because she's pledged to grover norquist that she would never raise taxes. you can't advocate your ability to govern if you're going to congress. you have to be open to negotiations and...
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we're now talking about you know, the debt ceiling. because these have gone into effect and because of the tax increases on the wealthy in january, the debt ceiling looks like it will probably go until august which will give us yet another august recess fight and that could be a spot where they maybe fix this long-term. >> peter: i think there has been so much spent. we've sort of made me in the dust on who gets the blame on this. who gets the blame for the sequester. i think they both handled it poorly. i think the president could have come out and said early on, look we need need to cut some stuff. we really need to cut some stuff and listed some of those things. but the sort of -- kept putting people out and saying this is what's going to happen if it comes. this is what's going to happen. everyone is jockeying say no, it was their fault. it was their fault. bob woodward gets the mix. >> it is arguably the dumbest argument that has ever happened in washington. who is responsible for this thing. we all agreed. >> thank you. that's it
we're now talking about you know, the debt ceiling. because these have gone into effect and because of the tax increases on the wealthy in january, the debt ceiling looks like it will probably go until august which will give us yet another august recess fight and that could be a spot where they maybe fix this long-term. >> peter: i think there has been so much spent. we've sort of made me in the dust on who gets the blame on this. who gets the blame for the sequester. i think they both...
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even if they work that out sometime in january probably, we hit the debt ceiling again. there i'm not sure. >> bill: i forget that was coming back. >> i think that's a much bigger threat to our economy because this they can't work out a deal and the last time, it was 11th 11th hour. if they can't work a deal and we have to stop paying certain obligations to the u.s. government or default on our debts, but in an entirely self-inflicted way that's going to wreck the economy. >> bill: and we're in the fiscal cliff because they couldn't work out a deal on the debt ceiling the last time around. here we go again. jim, great to see you. >> happy to bring the sunshine. [ laughter ] >> bill: thanks so much for coming in. i'll be back with a quick parting shot. the troops love me. >>only on current tv. dose of politics from a fresh perspective. >>i'm a slutty bob hope. the troops love me. >>only on current tv. [ forsythe ] we don't just come up here for the view up in alaska. it's the cleanest, clearest water. we find the best sweetest crab for red lobster that we can find. [ male
even if they work that out sometime in january probably, we hit the debt ceiling again. there i'm not sure. >> bill: i forget that was coming back. >> i think that's a much bigger threat to our economy because this they can't work out a deal and the last time, it was 11th 11th hour. if they can't work a deal and we have to stop paying certain obligations to the u.s. government or default on our debts, but in an entirely self-inflicted way that's going to wreck the economy. >>...